reply on: Mercury Layer went live today, checkout the deets on their webpage \ stacker news ~bitdevs

0 sats \ 8 replies \ @_b_o_n_e_s_ 10 Jan \ parent \ on: Mercury Layer went live today, checkout the deets on their webpage bitdevs

this is the guide he wrote couple years back

0 sats \ 5 replies \ @nicosey 10 Jan

Not really related, mercurylayer is built by different people / team

0 sats \ 3 replies \ @south_korea_ln 10 Jan

Aren't the statechains on which Merculylayer is based a brainchild of Ruben? He may not know about all Mercury's implementation details, but I'd imagine he knows a lot about the protocol.

0 sats \ 2 replies \ @south_korea_ln 10 Jan

Oh my bad, just realized Mercurylayer improves a lot on the initial statechain concept. https://bitcoinmagazine.com/technical/mercury-layer-a-massive-improvement-on-statechains

0 sats \ 1 reply \ @nicosey 10 Jan

Yes, very much inspired by the work done by Ruben.

184 sats \ 0 replies \ @south_korea_ln 11 Jan

https://twitter.com/SomsenRuben/status/1744751223016702119 Here is a thread where he participated.

0 sats \ 0 replies \ @_b_o_n_e_s_ 10 Jan

@south_korea_ln tagged Ruben, was posting his guide

0 sats \ 1 reply \ @_b_o_n_e_s_ 10 Jan

one of benefits listed in the article, interop with lightning:

By utilizing Statechains, you get to open and close channels off-chain at minimal costs. Is your channel too small? No problem. You can simply transfer your existing channel over to a larger UTXO. This can be particularly powerful considering it’s hard to know ahead of time how much capacity will be needed in a channel. Now you can cheaply experiment, and once you have a stable channel, you could choose to effortlessly move the channel over to the base layer by exiting from the Statechain.

0 sats \ 0 replies \ @anon 10 Jan

Ruben is doing amazing work for Bitcoin. Very humble, so several of his projects take time to be recognized, but in the long run, I see his ones that require a soft-fork having a higher chance at success than similar ones such as BIP300 that suffer from the toxicity of their promoters.